Oman (OMN) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Oman-Iran Trade: In 2022, Oman exported $539M to Iran. The main products that Oman exported to Iran were Rolled Tobacco ($314M), Video Displays ($42.7M), and Large Construction Vehicles ($15M). Over the past 5 years the exports of Oman to Iran have decreased at an annualized rate of 2.29%, from $606M in 2017 to $539M in 2022.

In 2022, Oman did not export any services to Iran.

Iran-Oman Trade: In 2022, Iran exported $276M to Oman. The main products that Iran exported to Oman were Sheep and Goats ($112M), Semi-Finished Iron ($52.9M), and Petroleum Coke ($11.5M). Over the past 5 years the exports of Iran to Oman have decreased at an annualized rate of 17.6%, from $724M in 2017 to $276M in 2022.

In 2022, Iran did not export any services to Oman.

Comparison: In 2022, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Oman exported $539M to Iran. The main products exported from Oman to Iran were Rolled Tobacco ($314M), Video Displays ($42.7M), and Large Construction Vehicles ($15M). During the last 5 years the exports of Oman to Iran have decreased at an annualized rate of 2.29%, from $606M in 2017 to $539M in 2022.

In 2017, Iran exported $276M to Oman. The main products exported from Iran to Oman were Sheep and Goats ($112M), Semi-Finished Iron ($52.9M), and Petroleum Coke ($11.5M). During the last 5 years the exports of Iran to Oman have decreased at an annualized rate of 17.6%, from $724M in 2022 to $276M in 2017.

Exports from Oman () to Iran () (2022)

Exports from Iran () to Oman () (2022)

Latest Data

Trade between Oman () and Iran ()

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Iran
Top DestinationChina$5.72B

This map shows whether countries import more from Oman or Iran. Each country is colored based on the difference in imports they receive from Oman and Iran or the difference in the growth in imports.

In 2022, countries that imported more from Oman than Iran included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Iran than Oman included Turkey ($3.17B), Kuwait ($960M), and Armenia ($557M).

Difference in imports from Iran () and Oman () (2022)

Comparative Advantage Oman - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Oman and Iran by product, considering products traded by both, Oman and Iran.

During 2022, Oman had a large net trade with Iran in the exports of Foodstuffs ($333M), Machines ($107M), and Transportation ($23.3M).

During 2017, Iran had a large net trade with Oman in the exports of Animal Products ($122M), Metals ($58.9M), and Vegetable Products ($38.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Iran+$3.4MTelephones

Top Product Potential Iran Oman+$1.75MCement

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Oman and Iran. This means that a dot/product with the flag of Oman indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Oman.

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Iran () (2022)

Exports from Iran () to Oman () (2022)

Latest Data

Trade between Oman () and Iran ()

Oman Exports

Market Competitiveness

Difference in imports from Iran () and Oman () (2022)

Comparative Advantage Oman - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Oman () and Iran () (2022)

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